Akash Portfolio

I invested in an IT company Edvenswa Enterprises Ltd.
This is from their website,
‘Edvenswa Enterprises Limited (formerly KLK Electricals Limited) is has consolidated business interests in software development, enterprise solution engaged in the business of providing a range of Information Technology (“IT”) solutions to companies across sectors such as Healthcare & Life Sciences, Supply Chain & Logistics, Banking & Financial Services, Energy, Education and Environment etc. We design, develop and maintain software systems and solutions, create new applications and enhance the functionality of our customers’ existing software products. Our Group endeavours to bring together creativity and knowledge with positive business strategy to furnish the requirements of diverse clients with an inclusive range of products and services which are comprehensive and cost-effective so that the client can focus on their core-competencies to improve or expand their businesses. The Edvenswa Group delivers services across all stages of the product life-cycle, which enables us to work with a wide-range of customers and allows us to develop, enhance and deploy our customers’ software products. The various services offered by our Company are UI/UX Design & Development; Rapid Prototyping; Enterprise Application Engineering; Software Quality Assurance; Social/Mobile Application Development; Application Integration, Maintenance & Migration Services; Cloud & DevOps; and Extended R&D Partnering etc. Our comprehensive suite of service offerings allows us to attract new customers and expand existing customer relationships. We provide an array of solutions like Data Management & Integration; Application Integration; Mobile Application Developemnt & Integration; IOT – Smart Cities, Smart Villages; Learning Management; Big Data, Analytics & Data Science; Robotic Process Automation (RPA); and Intelligent Agents (ML/AI based) etc. which help our clients in strategizing their business objectives.’

https://www.klk.co.in/index.htm

This is from their LinkedIn profile,
‘Edvenswa specializes in Technology Incubation and Advanced Consulting services to its customers and helps them with Proof of Concepts, Prototypes and finally Production-ready Systems; Edvenswa also takes up development assignments with special focus on technology & infrastructure start-ups. With presence in both India and US, Edvenswa works with the founders and investors very closely leveraging its highly experienced employees and consultants specialized in various cutting-edge technologies and business processes across various industrial domains. Edvenswa’s mission is to work with new start-ups more as a partner than a service provider by providing its services at actual cost without any markup/margin for exchange of a stake in the start-up business and thus build a high-growth oriented portfolio over a period of time. Edvenswa has so far provided turnkey services to more than 10 start-ups from ideation to the development of functional prototype and helped entrepreneurs in achieving their goals within their budgets and timelines. Edvenswa also makes strategic investments in the Startups and plays the role of a Mentor as well as an Angel Investor and helps secure more funding in advanced stages.

Specialities
Startup Incubation
Quality Assurance services
IoT based solutions
Social Media based solutions
Product Development (Web, Mobile)
IT Consulting
Datacenter
Cloud management services
Data Science related services’

Company has plans for expansion in India and is coming up with a rights issue at ₹25, dates to be announced later. Details about the business are provided in the draft letter of offer.

Please provide any views, details or opinions about this company or any other topic. Thanks in advance.